LUXEMBOURG, May  08, 2026  (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS; EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from GLGH Steel, LLC, a U.S.-based company,

Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania

Tenaris to Acquire Artrom Steel Tubes for EUR 86 Million

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>LUXEMBOURG, May  08, 2026  (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS; EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from GLGH Steel, LLC, a U.S.-based company,</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Tenaris S.A. has announced a definitive agreement to acquire Artrom Steel Tubes for EUR 86 million, aiming to enhance its product range and manufacturing capabilities. The transaction is subject to regulatory approvals and is expected to close in Q4 2026, potentially strengthening Tenaris in the European industrial market.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Tenaris acquires Artrom Steel Tubes for EUR 86 million.</li><li>Transaction strengthens Tenaris&#039;s position in European industrial segment.</li><li>Closing expected in Q4 2026, pending regulatory approvals.</li><li>Artrom has annual capacity of 450,000 metric tons of steel.</li><li>Acquisition expands Tenaris&#039;s product range in steel tubes.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>GLGH Steel, LLC</strong>: Sells 100% of Artrom Steel Tubes to Tenaris.</li><li><strong>Artrom Steel Tubes S.A.</strong>: Acquisition enhances Tenaris&#039;s operational capacity and product range.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This acquisition represents significant corporate development for Tenaris, marking a strategic expansion in its operational capabilities in the European market, which fits the Corporate Developments category well.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Acquisition expected to enhance manufacturing footprint and product range in Europe.</li><li>Regulatory approvals represent a potential risk before transaction closure.</li><li>Strong annual capacity from Artrom could boost Tenaris’s revenue streams.</li><li>Strategic positioning in industrial segment could improve market competitiveness.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Tenaris acquires 100% of Artrom for EUR 86 million.</li><li>Artrom has a steelmaking capacity of 450,000 metric tons annually.</li><li>Seamless rolling capacity is 200,000 metric tons at Slatina facility.</li><li>Closure expected in Q4 2026 subject to regulatory approval.</li><li>Transaction on a cash-free and debt-free basis.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider holding or accumulating TS shares ahead of the acquisition, target timeframe Q4 2026.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">LUXEMBOURG, May  08, 2026  (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS; EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from GLGH Steel, LLC, a U.S.-based company, 100% of the share capital of Artrom Steel Tubes S.A., for an aggregate purchase price of EUR 86 million, on a cash-free and debt-free basis, including a normalized level of working capital.</p>  <p align="justify">The transaction is subject to customary regulatory conditions, including clearance from the European Union competition authorities and Romanian government approvals. Closing is expected to occur during the fourth quarter of 2026.</p>  <p align="justify">Artrom Steel Tubes S.A. is a Romanian manufacturer of steel and seamless steel pipes, with annual steelmaking capacity of approximately 450,000 metric tons at its facility in Reșița, and seamless pipe rolling capacity of up to 200,000 metric tons at its Slatina facility. The acquisition is expected to expand Tenaris's industrial pipe product range and manufacturing footprint, strengthening its ability to serve customers in the European industrial segment.</p>  <p align="justify"><em>Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.</em></p>  <p align="justify"><em>Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications.</em></p>  <p align="justify"><em>Giovanni Sardagna<br></br>Tenaris<br></br>1-888-300-5432<br></br>www.tenaris.com<br></br></em></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNjgxNSM3NTkzNTI5IzIwMDY0NTQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Njk1YzMzY2YtN2ZlMS00ZTUxLWFlNTAtNGNjMjhkNjdlNTllLTEwMTgwMjctMjAyNi0wNS0wOC1lbg==/tiny/Tenaris-SA.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8f042d37-1c49-474c-87c9-8dfd9401d2c1"><img src="https://ml.globenewswire.com/media/8f042d37-1c49-474c-87c9-8dfd9401d2c1/small/tenaris-jpg.jpg" border="0" width="150" height="44" alt="Primary Logo"></img></a></p>

Tenaris S.A. has announced a definitive agreement to acquire Artrom Steel Tubes for EUR 86 million, aiming to enhance its product range and manufacturing capabilities. The transaction is subject to regulatory approvals and is expected to close in Q4 2026, potentially strengthening Tenaris in the European industrial market.

Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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